Friday, February 23, 2007

In the first chart below, we highlight the percentage of GDP contributed by personal spending of durable goods, non durable goods and services on a yearly basis. Breaking up the services category, we see that medical costs continue to make up a greater portion of GDP.

mhhh, so medical costs are soaring. i know that this is not quite comparing apples to apples but the disconnect is obvious. look how this has effected the "inflation basket" .................

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